CenterPoint Energy, Inc. (NYSE:CNP) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET

Company Participants

Jackie Richert - SVP, Corporate Planning, IR and Trustees
Jason Wells - CEO
Chris Foster - CFO

Conference Call Participants

Shar Pourreza - Guggenheim Partners
Steve Fleishman - Wolfe Research
Jeremy Tonet - JPMorgan Securities
Nicholas Campanella - Barclays
Durgesh Chopra - Evercore
David Arcaro - Morgan Stanley
Julien Dumoulin Smith - Jefferies
Anthony Crowdell - Mizuho

Operator

Good morning and welcome to CenterPoint Energy Second Quarter 2024 Earnings Conference Call with senior management. During the company's prepared remarks, all participants will be in a listen-only mode. There will be a question-and-answer session after management's remarks. [Operator Instructions].

I will now turn the call over to Jackie Richert, Senior Vice President of Corporate Planning Investor Relations and Treasurer. Ms. Rickert?

Jackie Richert

Good morning and welcome to CenterPoint Energy's second quarter 2024 earnings conference call. Jason Wells, our CEO, and Chris Foster, our CFO, will discuss the company's second quarter results. Management will discuss certain topics that will contain projections and other forward-looking information and statements that are based on management's beliefs, assumptions, and information currently available to management.

These forward-looking statements are subject to risks and uncertainties. Actual results could differ materially based upon various factors as noted in our Form 10-Q, other SEC filings, and our earnings materials. We undertake no obligation to revise or update publicly any forward-looking statements.

We will be discussing certain non-GAAP measures on today's call. When providing guidance, we use the non-GAAP EPS measure of diluted adjusted earnings per share on a consolidated basis, referred to as non-GAAP EPS. For information on our guidance methodology and reconciliation of the non-GAAP measures discussed on this call, please refer to today's news release and presentation on our website.

We use our website to announce material information. This call is being recorded. Information on how to access the replay can be found on our website.

Now, I'd like to turn the call over to Jason.

Jason Wells

Thank you, Jackie, and good morning, everyone. Before spending most of my time discussing the impacts of and our response to Hurricane Beryl, I will very briefly touch on our results for the second quarter. I'll then turn it over to Chris for a regulatory update and a more detailed recap of our financial results.

For the second quarter, we reported GAAP and non-GAAP EPS of $0.36 per share. In addition, we are reaffirming our full year 2024 non-GAAP EPS guidance range of $1.61 to $1.63. Beyond 2024, we are also reaffirming our long-term guidance, where we expect to grow non-GAAP EPS and dividend per share growth at the mid-to-high end of our 6% to 8% range annually through 2030. Now, to turn to our primary area of focus.